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April 7, 2022

Taxpayer victory leads to room hire VAT exemption


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A recent First-Tier Tribunal (FTT) decision in the taxpayer’s favour has helped clarify that room rental is VAT exempt, but standard rating can apply if additional services are also supplied,

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April 6, 2022

Avoiding and managing conflict in a family business


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Running a multi-generational family business can be hugely rewarding and can often bound family ties much stronger. To build and pass on a family business is often a legacy that

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March 31, 2022

Protecting the normal minimum pension age


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The normal minimum pension age (NMPA) will increase from 55 to 57 on 6 April 2028, although a protected pension age regime will be introduced. This will allow those who

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2022 Spring Tax Tables
March 29, 2022

2022 Spring Budget Tax Tables


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Welcome to the Barnes Roffe 2022 Spring Budget Tax Tables. Just before Christmas, the Chancellor asked the Office for Budget Responsibility (OBR) to produce an economic and fiscal forecast for

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2022 Spring Budget Summary
March 29, 2022

2022 Spring Budget Summary


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Welcome to the Barnes Roffe 2022 Spring Budget Summary. Just before Christmas, the Chancellor asked the Office for Budget Responsibility (OBR) to produce an economic and fiscal forecast for 23

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March 24, 2022

ANNUAL TAX ON ENVELOPED DWELLINGS


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It’s that time of the year again! What is ATED? We are all familiar with the term annual tax on enveloped dwellings (“ATED”) which has been with us since the

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March 24, 2022

Taxpayer Protection Taskforce to tackle Covid-19 fraud


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A recent report by the public accounts committee estimates that the level of fraud and error across all Covid-19 support schemes could be as high as £20 billion. However, don’t

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March 17, 2022

What is ‘substantial extent’ for non-trading activities?


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Gains that qualify for business asset disposal relief (BADR) are taxed at a reduced rate of 10%, but relief for company shares is not available if the underlying company carries

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March 10, 2022

What is a ‘reasonable excuse’ for tax penalties?


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Having a reasonable excuse can be a get-out-of-jail-free card if you are charged a tax penalty. However, there is no statutory definition of the term, and what might constitute a

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March 9, 2022

VAT Payments on Account regime – and how the Construction Reverse charge VAT has caught out some businesses


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It has now been a year since the domestic VAT reverse charge was brought into effect for most supplies of building and construction services. Whilst most construction businesses have grappled

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March 3, 2022

Keeping it in the family – tax-saving salary strategies


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An easy way to reduce a business’s tax bill – and also increase the amount of funds withdrawn from the business – is to put a family member on the

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March 1, 2022

Making tax digital for income tax: be prepared, be very prepared


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Making tax digital (or MTD) is HMRC’s plan to simplify tax reporting, reduce errors, and is another step towards more real-time reporting. MTD is already up and running for VAT,

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